Consider the following statements:

  1. The share of the Primary Agricultural Credit Societies (PACS) in the delivery of rural credit is falling
  2. Primary Agricultural Credit Societies (PACS) can not borrow from Commercial Banks

Which among the above statements is/ are correct?

[A] Only 1 is correct
[B] Only 2 is correct
[C] Both 1 & 2 are correct
[D] Neither 1 nor 2 is correct

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